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the president's take on the economy. but will he make a compromise deal on the budget cut iting se quester. "the kudlow report" begins right now. >> first up, this evening let's set the scene for tonight. aamon joins us now from the hill. what is the buzz about tonight over there good evening to you. >> reporter: well good evening larry. if history is any guide, the last 12 to 18 months might represent the opportunity. after that, history shows that second term presidents tend to peter out a bit. the president knows what is at stake here tonight. but especially the economy we have exerts from what the president is going to say. he is going to say it is our generation's task then to ignite the true engine of economic growth. we are going to hear from republican senator marco rubio. he is going to give the official response. he says this opportunity to make it to the middle class or beyond no matter where you start out in life isn't be stowed on us in washington. sol larry, two different positions tonight. >> all right many thanks. appreciate it. we know the president opposes the see quester. is h
on the local economy. positive effects in terms of lower training costs and turnover and less lost time at work and dedicated employees, so small businesses, mid size and large businesses benefit from in, as well as local government because they don't have as many people relying on social services. so, the data doesn't back that up. in fact, it's a positive thing he when we do it in a planful fashion to raise the minimum wage. >> on this issue, just like an economist. on the one hand, on the other hand, there are studies on both sides. but jonas there is an argument that higher minimum wages reducing turnover, which lessens the costs of employers and could incase employments. >> you would never leave the job if you could get it, it's a pretty good wage. negatives and benefits. both sides of kind of right. if the minimum wage is low $2, it wouldn't disrupt the job market. if it's $50, high unemployment, but a-- there's obviously a level between there where the negatives would exceed the positives. there are positives, workers would get more money under the plan and not outsourced to china. you n
has dogged our economy or the last few years, is that no one wants us to go back to 110% mortgages that we had during the boom times, but weo need to make available to young people the chance that both earning decent salary to be able to buy a case of flood or a decent house th a mortgage that doesn't require a massive deposit. that hasn't been possible for people in recent years and i ink the bank of england move on funding for landings scheme from 80 billion pounds is now going through to the mortgage market and making available lower mortgages at a decent a long-term rate. and that's great. >> thank you, sir. [shouting] [laughter] >> further to the exchange to the leader of the opposition earlier, can ask the prime minister if he will tell the house whether he will personally benefit from the millionaires tax cut, to be introduced in april? >> i will pay all the taxes that are due in the proper way. but the point i would make to him -- [shouting] the point i would make to him is that all the years he sat on this side of the house there was a top rated tax that was lower than the
return projects, can, in fact, have a big effect on the state of the economy. about half of nondefense discretionary spending can be viewed as investments either in physical structures or in people in the form of education and training. not all that money is spent well. but some of it is clearly spent for things that the private sector would not otherwise provide. and some of those projects can then have high rates of return and boost the economy in significant ways over time. i think the -- one concern that people have raised about the cutbacks in discretionary spending as a share of g.d.p. that are in place under the sequester but even under the original cast, people have expressed concern that can end up limiting the investment that the federal government does, but it's hard to know for sure because your colleagues haven't made specific choices yet. on helping to refinance, i don't know precisely what his proposal is. we will see that when he releases his budget, we have done analysis of different ways of encouraging more refinancing. and that could have a positive effect on the eco
to be here today and discuss with you cbo's outlook for the budget and economy for the next 10 years. are analyzing shows that the country continues to debate a very large economic challenges. i will discuss the economy first and then i will turn to the budget. we anticipate economic growth will remain slow this year because of the gradual improvement in underlying economic factors will be offset. the good news is that the effects of the financial and housing prices appear to be gradually fading. we expected a upswing in housing construction and increasing availability of credit will help spur a virtual cycle of income, consumer spending, and business investment over the next few years. however several policies that will help bring down the budget deficit will result in a drag in economic activity. the increase in tax rates and the cuts in federal spending scheduled to take effect next month will mean reduced spending by both households and the government. we project an inflation adjusted gdp will increase by about 1.5% in 2013. it would increase roughly 1.5 percentage point faster w
, budget process reforl, budget enforcement and the economy. the plan lays out an initial schedule for hearings, similar to what this committee traditionally does. this schedule is not binding and does not preclude the committee from holding hearings on other topics as need arises or circumstances change this plan has been chaired with all members of the committee and my understanding is that there will be no amendments. without objection, the oversight plan is considered as read. i now recognize the gentleman from california, mr. campbell, for the purpose of offering the necessary motion to adopt the oversight plan. >> i move that the committee adopt the chairman's mark as the oversight plan for the committee on budget for the 113th congress. >> the question is on the motion offered by the member from california, those in favor say aye. those opposed, no. in the opinion of the chair, the ayes have it. the ayes do have it. the oversight plan is adopted. i ask unanimous consent that the committee be authorized to issue and print copies of the compilation of laws and rules regarding
leaders are asking members not to miss the forest for the trees. they say the region's economy is far from being out of the woods. ron madison is here with more on the latest data that is out. ron? >> lots for member nations in the eurozone to take into consideration when they consider the entire block. the eurozone still definitely struggling as the region continues to slow down. the economy for the common currency block is struck now for a third straight quarter. the european union's data office announced gross domestic product for 2012 contracted 0.6% from the previous quarter. that follows negative growth of 0.1% growth from the previous period. portugal saw 1.8% negative growth. spain coming in at 0.7%. italy at 0.9%. the leading economies also shrank, germany contracted 0.6%. france by 0.3%. in terms of greece, its economy shank 6% compared to a year earlier. for the whole 2012, the whole economy contracted by .5%. in 2011 the single currency area grew by 1.4%. >>> near japan gross domestic product shank slightly for 2012 for the october to december period. it does mark the third str
the great depression. we need to reignite growth. our economy is in better shape today. over the past four years, the private sector has created more than 6 million jobs. rules are in place. taxpayers are not responsible for big firm fails again. the housing market is recovering and home values are stabilizing. we have isolated iran from the global financial system and establish the toughest sanction regime in history. we have sent a series of trade agreements to open markets for american goods and level the playing field for american workers and businesses. our auto companies are growing and innovating and creating jobs. we have made substantial progress reducing our deficit in a balanced way. we are in a better position today, but the work remains unfinished. our top priority is to strengthen the recovery by fostering job creation and economic growth while we make sure that our economy remains resilient to the headwinds beyond our shores. that means making it easier to tell american made goods abroad and expanded infection in the united states. that means working with our partners in the
and the state of the two biggest economies in the world. first up, on tuesday in the state of the union, president obama challenged congress to vote on proposals to get weapons of war off our streets. but will it happen? can it happen? we'll talk to a world leader who made it happen in his nation. >>> then, larry summers on how to create jobs in america. the former treasury secretary on how the president can achieve the goals he laid out for the economy. >>> then, many worry that the world's second largest economy is headed for a crash. a rare inside look at the inner workings of the chinese economy. what's really happening there? >>> also, what in the world will get north korea to end its nuclear ambitions? i'll give you my plan. but, first, here's my take. president obama's state of the union address presented an expanded vision of smart government to create jobs and revive the economy. it had many important ideas in it. yet, he lowered his sights on the single policy that would both jump start the economy in the short term and create the conditions for long-term growth. infrastructur
. what is holding us back? let's streamline the process and help our economy grow. these initiatives and manufacturing, and energy, infrastructure, housing, all these will help entrepreneurs in small business owners expand and create new jobs. but none of it will matter unless we also equipped our citizens with the skills and training to fill those jobs. [applause] and that has to start at the earliest possible age. you know, study after study shows that the sooner a child begins learning, the better he or she does down the road. but today fewer than three in 10 four-year-olds are enrolled in a high quality preschool program. most middle-class parents cannot afford a few hundred bucks a week for a private preschool. and for poor kids, who need help the most, this lack of access to preschool education can shatter them for the rest of their lives. so tonight i propose working with states to make high-quality preschool available to every single child in america. [applause] every dollar we invest in high quality childhood education can save seven dollars later on by boosting regulation r
to reform the economy and government spending soon, the u.s. could find itself in the same terrible economic situation as many european countries do today. this is just over an hour. [applause] >> thank you john for your very kind introduction and the invitation to speak at the heritage foundation today. it's a great privilege to be here. i have always been a great admirer of heritage and the council and in many cases the friendship of many people here at heritage for a very long time i have also admired the way that heritage works across policy areas so that you really do here and integrated message. not least among which i think is the intention of the heritage foundation to the power of culture, by which i mean people believe ideas, habits and expectations in the way that these achieve some form of institutional expression. this issue of culture and how it relates to the economy is at the heart of my book, "becoming europe" because at one level becoming europe is certainly about what has happened in europe and why it is now regarded as the sick man of the global economy. my book is also a
of the economy, just not in one year. if you look at the nonpartisan shops who have looked at the impact on the economy, they all coalesce around one number. they say this sequestration if it takes effect and holds will take about .5% of gdp growth out of the 2013 economy. now, that doesn't sound very good to me. we were just talking about how the economy's already growing too slow as far as we're concerned. i don't believe the fourth quarter recessionary number. i think that's going to be revised up. but if you think this is an economy that can take a 50-basis point whack to gdp growth, perhaps we're in a different world. >> here's the thing, let's go through this. 44 billion is the real number and it's funny, i found this today courtesy of my friend. what is that? $44 billion of spending cuts is 2 1/4 of 1% of gdp. so these are such tiny -- but the benefits, the benefits of confidence and certainty and free markets, i think vastly overwhelm these keynesian multipliers. >> and there's really no such thing as a keynesian multiplier. i mean -- well, really. >> do we need a stretcher? >> d
more time to gauge shinzo abe's rating policies. s&p says recent policies could reflat japan's economy. but the government's books will continue to be weighed down by heavy debt. that's even if plans go ahead to raise a sales tax. there's a one in three chance of a downgrade this fiscal year. this is as the japanese prime minister shinzo abe says he will consider changing the bank's mandate. he didn't comment on current policy. all this as investors determine who will become the bank of japan's next governor. front runners for the post include former bank of japan deputy governor and the head of the asian development bank harikahiko tura. >> we did catch up with taro at a meeting this weekend in moscow. the next boj governor was covered, but the first question, whether mr. aso thought the g-20 communique was an endorsement of japan's domestic stimulus plan. >> japan has repeatedly tried to explain that japanese policies are taken to overcome deflation and by all means, these are measures to overcome deflation as well as the recession. that's what is being said in the second paragraph o
that the president will use this speech tonight to shift heavily to the economy, shifting the emphasis away from the broad social agenda of his second inaugural address, to focus on manufacturing and infrastructure, other investments and research and education. the house speaker today called that more spending, charged that on the issue of tackling the deficit and debt, quote, i don't think he has the guts to do it. he doesn't have the courage to take on the liberal side of his own party, and never has. as you see, the cabinet, i believe, those are coming into the house chamber. and basically, this is the mood. that's the mood up on capitol hill. the house speaker capturing some of that today at this breakfast. one report this week said this speech will be less a presidential olive branch than a congressional cattle prod. white house house secretary jay carney pushed back from the aggressive moniker on special report, finding out who is characterizing it more accurately. we're waiting now for the announcement of the supreme court justices to come into the house chamber. let's bring in our panel
. and currency wars: g-7 countries say they're looking to boost their local economies, but critics say they're aiming to get ahead by weakening their currencies. that and more tonight on "n.b.r." we're hours away from president obama's state of the union address. americans aren't just listening for what he says but how he says it. will he strike a hopeful or optimistic tone, and will he offer a concrete plan to create jobs and grow the economy? washington bureau chief darren gersh reports. >> reporter: with more than half of americans thinking the economy is still in recession, it makes sense that the president is focused on a jobs agenda in his speech tonight. but while his plan may be new, the challenge is not. >> the economy is not growing fast because the demand for the goods and services that we can produce in this country has not increased very much. and unfortunately, the public sector purchases of consumption items and investment items has been incredibly weak compared with earlier recessions. >> reporter: state and local spending on roads, buildings and bridges has hit a seven-year
a economy where people can rick their own money to open their own business and hire more people to help others start a business and create jobs. presidents in both parties from john k.kennedy and ronald reagan that free enterprise economy is the source of our middle-class prosperity. the president obama, he believes it's the caution of our problems. the economic downturn happened because our government didn't tax enough, spend enough or control enough. therefore, as you heard tonight his solution to virtually every problem we face is for washington to tax more, borrow more and spend more. this idea that our problems were caused by a government that was too small is just not true. in fact, the major cause of our recent downturn was a housing crisis created by reckless government policies. the idea that more taxes and more government spending is the best way to help hard working middle-class taxpayers, that is amp old idea that has failed every time it has been tried. no government is going to help you get ahead, it is going told you back. more government is not going to create more oppor
are cutting jobs, millions of jobs around a country and you are damaging the economy. so, stupid as bob said is a good word for it. it is taking a hatchet to the economy, the moment when the economic recovery, no matter if you are republican or democrat, by everybody's estimates is in a fragile state and doesn't make sense and now, the president says, you know, look back to the negotiations he was having with speaker boehner and he said a lot of those proposals are still on the table, we can get back -- we have a three month delay an kick the can down the road a little farther and avoid -- >> two month delay. >> that is the way we apparently govern now in washington, from one crisis to another and the question is when you bump up against it and come up against the debt ceiling and the fiscal cliff usually we put it off but this is one i think that will cause tremendous damage and the -- >> $85 billion. >> with the congress gone for a week when do they have time to negotiate. >> $85 billion in a $3.5 trillion budget. >> and -- >> it will hurt the economy. >> if you lose your job i think it hu
the president's aides are expressing deep concerns about the economy, the recent weak economic growth, raising unemployment has sort of concerned them about the president's standing and so their goal tonight is to give the president talking about the middle class and get beyond the washington squabble about sequester and the process battles going on in washington, talk about the middle class. these democrats say the president will do that with some new plans and some old plans. a new one, for example, he'll talk about raising the federal minimum wage, they say from $7.25 per hour to $9 per hour and they also say the president's aides are previewing he will be calling once again he something he's called for a couple of years now, 50 billion dollars in new infrastructure money and as juan williams suggested, these democratic officials say the president will be going out on the road not just this week, but they say basically for the next six weeks. the white house plan is to drive a message about the middle class. several challenges though he'll be facing tonight and beyond, number one, how he's
the economy comes to life. norfolk southern. one line, infinite possibilities. then you're going to love this. right now they're only $14.95! wow-a grt deal just got a whole lot better. hurry. $14.95 won't last. >>> the united kingdom is in disarray after horse meat was found in products intended for humans. dinners supplied to schools in northern england included. officials have raided five meat plants and arrested three workers so far. as many as 10,000 products still need to be tested. >>> back in the u.s., the obama administration says as of today they won't take any more applications for the pre-existing condition insurance plan because of limited funding. it's a stop gap program to help people with medical problems who cannot get private insurance right now. new legal provisions kick in january 1st of next year, barring insurers for turning anyone away for poor health. >>> thanks for watching this morning. i'll see you back here at the top of the hour. "your bottom line" starts right now. >>> thank you, susan and victor. we'll see you at the top of the hour. we know what we
the economy, by buying government bonds. >> susie: i'm susie gharib. can two weaklings become strong by teaming up. that's what office depot and office max are hoping for, as they decide to merge. >> tom: and a mixed picture on housing, contractors break ground on more single family homes, but pull back on building apartments and condos. >> susie: that and more tonight on "n.b.r."! how much longer should the federal reserve continue to stimulate the economy? that question was intensely debated at the central bank's policy meeting in january according to the minutes released today. stocks sold off on that news, as investors worry the fed might taper off its stimulus program, sooner than expected, and before its goal of seeing a big pick up in the job market. the fed has been buying $85 billion of mortgage backed securities and treasuries every month to pump up the economy. here's what those fed minutes revealed: "many" policymakers voiced concerns about "potential costs and risks" from more bond buying. others said that the easy-money policies might encourage "excessive risk-taking" a
festival. president barack obama says the american economy has made important progress, but there is still a long way to go. he delivered the annual state of the union address in washington last night and urged americans to help jump-start the country's sluggish -- sluggish economy. >> pushing hard for a special economy would significant job growth. that looks like the message obama plans to hammer home time and time again during his time in office. >> presidents also touched on foreign policy, praising u.s. soldiers stationed in afghanistan and promising them a speedy return home. >> the president of the united states. [applause] >> it is a washington ritual, long applause, handshakes, and hugs on both sides of the aisle. in his speech, obama focused clearly on domestic issues, among them, raising the minimum wage, reforming immigration, and modernizing the education system. he also address america's political third rail -- gun control. the president promised survivors of gun control violence he would pursue common-sense reform. in a short foreign policy segment of his speech, obama said
. >>> the eurozone is still struggling. as the region continues to slow down. the economy has shrunk for a third straight quarter. the european union's data office has announced gross domestic product for october to december 2012 contracted 0.6% from the previous quarter. that follows a negative growth of 0.1% for the july to september period. by country, portugal saw a 1.8% negative growth, spain minus 0.7% and italy minus 0.9%. the eurozone's leading economies also shrank. germany contracted by 0.6% and france by 0.3%. greece's economy shrank 6.0% compared to a year earlier. for the whole of 2012, the eurozone economy contracted by 0.5% as a whole. in 2011, the single currency area grew by 1.4%. >>> japan's gross domestic product for the final quarter of 2012 shrank slightly, that's for the october to december period. it marks the third straight quarter of contraction. cabinet office officials say it fell to a decline of 0.4% in annual terms. the base of decline was more moderate than the previous period when it was minus 3.8%. weak global demand was dragging down the economy. exports shrank 3
-- >> the spanish prime minister says his economy is on the road to recovery. >> violent protests erupt against austerity in bulgaria, forcing the government to resign. >> and wide-board cameras are capturing more than usual in russia -- why dashboard cameras are capturing. it is tough times for spain battling its crippling economic crisis, and to make matters worse, many spanish politicians who are supposed to be leading the country out of the crisis are themselves the target of corruption allegations. >> even spain's prime minister has been implicated, but at his state of the nation address, he skirted the issue, instead playing up economic improvements and announcing a new tough line against corruption. >> it is his first state of the nation address, and it comes at a tough time -- his party is embroiled in a slush fund scandal. but he went on the attack, calling for cross-party support for anti-corruption drive. >> corruption is a problem that alarms the people and affects the image of spain. all corruption is unbearable. it is corrosive for civic spirit. it injures democracy and discredits
. senators will pick up their discussions later this month. >>> the top 20 economies are gathering in a place where marx and lenin would never dream of to discuss how economies deal with their economies. ron madison joins us. >> finance minute serious and central bank governors of the group of 20 countries will soon begin their meeting in moscow. shinzo abe's policies to improve japan's economy have drawn quite a lot of attention from the international community but officials from some member countries are raising voices of concern that those policies might fuel a global currency war. we have more from moscow. >> reporter: the g-20 meeting is the first major international economic conference to take place since prime minister abe took office. abe's economic strategy called for grievance tear easing and more government spending. in the past three months, abe's policies have resulted in an almost 30% rise of japanese share prices. and the yen has fallen about 15% against the dollar, boosting japan's exports. the major economic powers have closely watched these developments. some g-20 leaders su
, because a growing economy and the accompanying revenue will be enough to both pay the bills and create a stronger kentucky. my friends, with all due respect, that is simply not reality -- and the math shows it. yes, the economy and our revenues are projected to grow, but not fast enough to even keep up with expenses, much less to address fundamental weaknesses. secretary of the cabinet mary lassiter, who has been putting together state budgets for 15 years, testified in great detail yesterday before a joint meeting of the appropriations and revenue committees. she showed with overwhelming evidence how anticipated growth will be more than eaten up by decisions you and i made in previous sessions. assuming we hit the consensus forecasting group's out-year prediction of about 3 percent growth -- and yes, that's an assumption -- any new revenue will have to be used to cover things like structural imbalances, obligations to health care and pensions, inflationary growth in medicaid, and health insurance for teachers and state employees. the projected growth in revenues -- and more -- is alre
what we've recovered from. the minimum wage economy, is that what we're recovering to? good morning, i'm christine romans. 28 months in a row, 6.1 million jobs created in the past three years, but the jobs we're adding are not the same quality as the jobs we lost. survey from rutgers university finds 60% of people who found work in six months settled for lower pay. these aren't jobs you can send a kid to college on or buy a house. president obama detailed his blueprint for boosting the middle class. the only new proposal was an old one, raising the minimum wage. >> let's declare that in the wealthiest nation on earth, no one who works full time should have to live in poverty and raise the federal minimum wage to $9 an hour. >> free action was swift and fierce. conservatives say, hey, that's a jobs killer. progressives say it lifts families out of poverty. the problem, you can't find studies to support just about any position. a study found the new minimum wage actually means fewer jobs for low-skilled workers but a study by alan krueger concludes minl mihm wage hikes dewpoint reduce em
on policies to create more jobs, heal the ailing economy and rebuild the middle class. he's expected to call for compromise, and talk about searching for common ground, with republicans who deny the possibility of either. so long as mr. obama's in office. >> another litany of left-wing proposals with plenty of red meat for the president's base. >> john: because everyone thinks obama is left wing except people on the left wing. house speaker john boehner was even more dismissive. he told reporters today that the house republicans won't pass any part of the president's agenda this year except for immigration, and told mr. obama to stay out of it. and boehner also said the president lacked quote the courage to take on his heart on long-term spending, and that when it comes to cutting the deficit, and i quote, i don't think he has the guts to do it. mr. president, many economies believe that spending cuts are holding them back. boehner and his followers are not ready to compromise. 70% of voters say they would support a path of citizenship including the majority of republicans. but that number d
bank. and fidelity investments. >> your personal economy is made up of the things that matter most, including your career. as those things change, fidelity can help you adjust your retirement plan, rethink how you are invested, and refocus as your career moves forward. wherever you are, a fidelity ira has a wide array of choices that can fit your personal economy. fidelity investments, turn here. >> at union bank, our relationship managers work hard to know your business. offering specialized solutions in the capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> his body is frail. pope benedict celebrates ash wednesday mass. today the rubble in syria reveals surprises. president obama goes out on the road. how much can he achieve? welcome to our viewers. pope benedict issued a stern warning. at ash wednesday, the pontiff was interrupted repeatedly by applause. and it will step down at the end of february. >> on ash wednesday catholics remember the body is mortal. this is the
the economy and we won't help sustain a vibrant middle class unless we solve our debt problem. every dollar government borrows is money that isn't invested to create jobs and uncertainty created by the debt is one reason why many businesses aren't hiring. the president loves to blame the debt on president bush, but president obama created more debt in four years than his predecessor did in eight. the real cause of our debt is that our government is suspending 1 trillion dollars more than it takes in every year that's why we need a balanced budget amendment. the biggest obstacle to balancing the budget are programs where spending is locked in. one of these programs is medicare, it's especially important to me. they provided my father the care he needed to battle cancer and ultimately to die with dignity and it pays for the care my mother receives right now. i would never support any changes to medicare that would hurt seniors like my mother so anyone in favor of leaving medicare exactly the way it is right now is in favor of bankrupting it. republicans have offered a detailed and credible pl
to be heard today to discuss the cbs outlook for the budget and economy over the next 10 years. our analysis shows the country continues to face very large, economic and budget challenges. let me discuss the economy first and then i'll turn to the budget. we anticipate economic growth will remain slow this year because the gradual improvement we see an underlying economic factors will be offset by tightening the federal fiscal policies scheduled under current law. .. the cuts in federal spending scheduled to take effect next month lemine reduce spending by households in the government. we protect inflation-adjusted gdp will increase by about 1.5% in 2013 but it would increase roughly 1.5 percentage points faster were it not for the fiscal tightening. under current law then, we expect the unemployment rate will stay above 7.5% through next year. that would make 2014 the sixth consecutive year with unemployment so high, the longest such period since the 1930s. we expect the growth of the gdp will pick up after this year to about 3.5% per year in and 2014 in the following few years. the gap bet
strong earnings and record revenues, but the company's c.e.o. says the tough economy is dragging down results. and alamos gold, goes digging for investors, on wall street. it made its trading debut here at the big board. that and more tonight on "n.b.r."! >> susie: everyone from american workers, to business leaders, and investors had a strong opinion today about the minimum wage. they were reacting to president obama's proposal to increase the minimum wage to $9 an hour, up from $7.25. the plan was unveiled in the president's state of the union address last night. and today it re-kindled a nation-wide debate of whether the measure would help or hurt workers and businesses, and the economy. darren gersh reports. >> reporter: supporters of a higher minimum wage increase point to studies showing little impact on employment after the pay at the bottom of the job market goes up. one reason is that employers may actually come out ahead when they are forced to pay workers more. productivity and job satisfaction improve and turnover falls. >> so employers get to reap the benefits of lower hi
. captioned by the national captioning institute --www.ncicap.org-- >> the president says the economy is improving, but we have to do better. he says republicans don't have a clue, and that austerity is not the answer. he says it is time to educate our children and rebuild our infrastructure. the president's fourth state of the union. how do we pay the bill? >> nothing i am proposing tonight should increase our deficit by a single dime. >> the president offered more of the same -- higher taxes and more stimulus spending. >> the president wants congress to come up with $40 billion to improve infrastructure, wants to raise the minimum wage to $9 an hour, wants a new energy bill similar to cap-and-trade, wants preschool for every 4-year-old in the nation, tax reform, gun control, citizenship for undocumented immigrants. what are his chances, charles? >> approximately zero. he is talking as if we have a huge surplus so we can start spending all over again inaugural address was the philosophical statement of what i call this left-liberalism, the state of the union address is the programmat
where the increase in the minimum wage has stymied the economy, caused jobs to be lost, caused employers not to hire. where is the evidence of that? >> if that is the case, let's make it $20, $50. we not only have chronic unemployment of 8%, we have huge and terribly destructive teenage unemployment, minority unemployment. this is the entry-level jobs where you get started. if you are going to price it out of the market in an economy that has the weakest recovery since the second world war, you are guaranteeing you will create blight for these people. >> those other people who do the jobs that none of us want to do. i think the odds are that he will not get it and he will not fight for it that hard. the last person who fought for a minimum-wage increase was ted kennedy and he actually got it. >> who will be the time kennedy in the senate is an interesting question, too. >> if you cannot pay someone $9 an hour, you probably should not be a business. >> i agree with him -- >> you talk about the economy as if it is a moral and estimate. even if i agree with you, it does not change the fact
Search Results 0 to 49 of about 1,688 (some duplicates have been removed)